April 22, 2022
This rule change allows the creation of synthetic shares to \"provide liquidity\". I sure wish I could create shares out of thin air and benefit from selling or selling short those shares. This is beyond corrupt and will do nothing more than give hedge funds more power of retail investors and the ability of big banks to cancel their bad bets.
Allowing the creation of synthetic shares allows those that are naked shorting to cover their failure to delivers. How is this fair?
It will pass of course cause the SEC is in bed with the big banks. It is obvious.